Honasa Consumer Limited Adopts Revised Code for Fair Disclosure of Unpublished Price Sensitive Information

Honasa Consumer Limited Adopts Revised Code for Fair Disclosure of Unpublished Price Sensitive Information​

Honasa Consumer Limited has adopted its revised Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, effective May 21, 2026. The comprehensive Code aims to establish robust guidelines for the company's handling of Unpublished Price Sensitive Information (UPSI) to promote transparency and maintain market integrity.

The Code recognizes the necessity of safeguarding UPSI and ensuring that any information which could materially influence investment decisions or the market price of its securities is disseminated in a responsible and equitable manner.

Core Principles and Scope of Fair Disclosure​

The primary objective of the Fair Disclosure Code is to ensure that Honasa Consumer Limited maintains prompt, accurate, and non-discriminatory disclosure of UPSI. The guidelines are designed to prevent selective disclosure and preserve the confidentiality of sensitive information until it can be publicly released in a fair and uniform manner.

The Code stipulates several mandatory practices for the company:

• Timely Disclosure: Any UPSI that impacts price discovery must be promptly disclosed to the public as soon as credible and concrete information becomes available.
• Universal Dissemination: UPSI must be disseminated uniformly and universally to avoid selective disclosure, achieved by communicating the information to the stock exchange(s) and posting it on the official corporate website.
• Financial Reporting: The company must upload all quarterly and annual financial results, along with all related investor presentations, to its website for the general public's reference.
• Media and Spokesperson Control: Employees are restricted from responding to inquiries from stock exchanges, the media, or other entities unless authorized by the Chief Investor Relations Officer (CIRO).
• Investor Interactions: All interactions with institutional shareholders, fund managers, and analysts must be based on generally available information that is accessible to the public on a non-discriminatory basis.

Managing Confidential Information​

The Code places significant emphasis on managing UPSI through a "need-to-know" basis, implementing suitable safeguards to prevent unauthorized access.

While UPSI must be protected, the Code allows for sharing of such information when deemed necessary for the furtherance of specific business interests. This transfer of information, referred to as "Legitimate Purpose," can occur in the ordinary course of business if it is required:

1. To complete any task, activity, or deal.
2. When providing professional services (e.g., from legal advisors, auditors, or consultants).
3. When mandatory for the performance of duties or discharge of legal obligations.

The Company has also detailed provisions for disseminating market rumors and ensuring that records of meetings with analysts and other investor relations conferences are officially documented and posted on the corporate website to confirm and document all disclosures.

The revised Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information is subject to review by the Board of Directors as and when deemed necessary.

HONASA Stock Price Movement​

Today, Honasa Consumer Limited shares rallied, closing at ₹384.35, marking a strong 5.38% gain for the day. The stock's movement was fueled by trading volume of 68.97 million shares, pushing the equity to test its 52-week high of ₹402.8.